Insurance premiums through the roof

INSURANCE costs are soaring as we all pay for the 11 September attacks. Premiums for power and chemical plants have doubled or trebled. Offices are paying up to 30% more, said broker Jardine Lloyd Thompson. Rises will continue for another two years.

'It was the largest catastrophe in history, potentially costing $50bn,' said chief executive Steve McGill. 'I'm afraid most customers will see a repricing.'